Looking at Remitly Global, Inc.'s (NASDAQ:RELY ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Remitly Global

The Last 12 Months Of Insider Transactions At Remitly Global

The Independent Director Nigel Morris made the biggest insider purchase in the last 12 months. That single transaction was for US$4.8m worth of shares at a price of US$19.97 each. That means that even when the share price was higher than US$14.13 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Nigel Morris was the only individual insider to buy shares in the last twelve months.

Nigel Morris bought a total of 300.00k shares over the year at an average price of US$19.36. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At Remitly Global Have Sold Stock Recently

Over the last three months, we've seen a bit of insider selling at Remitly Global. Chief Accounting Officer Gail Miller sold just US$24k worth of shares in that time. It's not great to see insider selling, nor the lack of recent buyers. But the volume sold is so low that it really doesn't bother us.

Insider Ownership Of Remitly Global

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Remitly Global insiders own 6.3% of the company, worth about US$174m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.